Quantbot Technologies LP Invests $1.02 Million in NexGen Energy $NXE

Key Points

• Quantbot Technologies LP opened a new NexGen Energy position by purchasing 109,029 shares valued at approximately $1.02 million during the second quarter.
• Institutional investors hold 42.43% of NexGen Energy, with several major funds—including Van ECK Associates, CIBC Asset Management and Millennium Management—significantly increasing their stakes.
• Analyst sentiment is mixed, resulting in an average “Hold” rating. NXE shares opened at $11.09, with a 52-week range of $7.17 to $13.96 and a market capitalization of approximately $7.42 billion.

Quantbot Technologies LP bought a new position in NexGen Energy (NYSE:NXE - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 109,029 shares of the company's stock, valued at approximately $1,024,000.

Several other hedge funds have also bought and sold shares of NXE. Norges Bank bought a new stake in NexGen Energy during the 4th quarter valued at $72,303,000. CIBC Asset Management Inc grew its holdings in shares of NexGen Energy by 341.9% during the fourth quarter. CIBC Asset Management Inc now owns 8,821,855 shares of the company's stock valued at $81,312,000 after buying an additional 6,825,731 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of NexGen Energy by 23.4% during the fourth quarter. Van ECK Associates Corp now owns 29,157,056 shares of the company's stock valued at $268,240,000 after buying an additional 5,523,932 shares during the last quarter. Millennium Management LLC grew its holdings in shares of NexGen Energy by 97.8% during the third quarter. Millennium Management LLC now owns 10,134,381 shares of the company's stock valued at $90,718,000 after buying an additional 5,011,890 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of NexGen Energy during the second quarter worth about $43,366,000. Institutional investors and hedge funds own 42.43% of the company's stock.

Wall Street Analyst Weigh In

NXE has been the topic of a number of analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Wall Street Zen raised NexGen Energy from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold".

NexGen Energy Trading Down 1.1%

Shares of NYSE:NXE opened at $11.09 on Thursday. The stock has a market cap of $7.42 billion, a PE ratio of -27.72 and a beta of 1.40. The stock's fifty day simple moving average is $9.83 and its two-hundred day simple moving average is $11.05. NexGen Energy has a 1-year low of $7.17 and a 1-year high of $13.96.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company's primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen's technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world's most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.

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